제28조 (관할법원 및 준거법)

부칙

이 약관은 2015년 5월 25일부터 적용됩니다.

이 약관은 2015년 11월 26일부터 적용됩니다.

이 약관은 2016년 6월 07일부터 적용됩니다.

Chapter 1 General Provision

Article 1 Purpose

This agreement stipulates the rights and responsibilities of the company and its customers regarding the terms and conditions of use of Bithumb and Bithumb related services (hereinafter referred to as "services ") provided by BTC KOREAcom, Inc(hereinafter referred to as "company")

Article 2 (Specification, Explanation and Revision of Terms)

The terms of this Agreement shall be posted on the Company's service registration subscription site or otherwise notified to the user and shall be effective upon acceptance of these Terms by the user as a customer

The Company may amend these Terms and Conditions to the extent that it does not violate the relevant laws such as the "Reculation of Standardized Contrats Act", The law regrading the promotion of information and communication network usage and protection of information

If the Company amends the Terms and Conditions, it shall notify the date of application and the reason for the revision, and shall be announced along with the current terms on the initial screen of the Company site, or on the popup screen or notice field from 7 days prior to the effective date to the day before the effective date

The company shall notify the customers of the amendment terms in accordance with the preceding paragraph and at the same time clearly notify or inform that it shall be deemed to have made an intention not to do so within seven days Nevertheless, if the customer has not expressly expressed his intention to refuse, the customer shall be deemed to have accepted the amended terms

If a customer expressly expresses that he or she does not agree to the application of the revised Terms, the Company shall not apply the revised Terms and Conditions, in which case the customer may terminate the User's Agreement, If there are special circumstances that do not use original terms, the company may terminate the contract

Article 3 (Outside Terms and Conditions)

The matters not specified in these Terms and the interpretation of these Terms and Conditions shall be governed by the general practice of the Act on Consumer Protection in Electronic Commerce etc, the Act on the Regulation of the Terms, the Consumer Protection Directive established by the Fair Trade Commission However, regarding the transactions made between the customers through the services provided by the Company, relevant laws such as the Law on Visit Sales, etc, the Electronic Commerce Basic Act, and the Consumer Protection Act are applied first, and the customer can't asserts the counterpart

Article 4 (Definition of Terms)

The definitions of the terms used in these terms are as follows:

① customer: A person who has approved the terms and signed a customership agreement with the company by signing up for customership

② ID: This is a combination of letters and numbers approved by the company for customer identification and service use

Bithumb's web site provided by the company to enable customers to use the services of the company

④ Password: This is a combination of letters and numbers approved by the company for customer identification and protection of customer information

Merchant: A customer who wants to sell a virtual currency and has registered or applied for the virtual currency on the form that the company provides online

Buyer: A customer who wants to purchase a virtual currency and registers the virtual currency in accordance with the form offered online by the company

⑦ Autonomous transaction: In the process of delivering virtual money, it refers to the transactions that the seller and buyer jointly deal with without the company's participation

⑧ Content service: A paid service, such as gift certificates sold by pin number, gift certificate, prepaid card, and a voucher mall that offers Voucher KRW or BTC purchasing vouchers and a prepaid card that charges in virtual currency

⑨ X-pay service: A service that provides payment payment information and settlement of accounts so that the transaction can be processed smoothly, when a customer (merchant) wants to receive payment through virtual currency in exchange for goods, services and other services in online / offline virtual currency

⑩ affiliate stored store : It refers to the individual or company that is using the X-PAY service

Chapter 2 Application for service use and acceptance (subscription and withdrawal)

Article 5 (Establishment of Use Contract)

The User shall apply for customership by filling in the customer's information according to the Company's designated sign-up form and expressing his intention to agree to the Terms

customership is the time when the consent of the company reaches the customer

The contract of use is signed by the customer ID When the contract of use is established, the applicant is registered as a customer

A customer who is not a real name or has been misrepresented by stealing private information such as a person's name, phone number, etc is not legally protected and all liability for civil and criminal liability shall be borne by the registered customer

If you are under 19 years of age, you are restricted from using service related to virtual currency trading provided by BTC Korea

In case of the application under Paragraph 1, the company may request the verification of the real name through the specialized agency and the verification of the individual according to the type of the user according to the relevant laws and regulations when necessary And the Company shall not be liable for the disadvantage caused by the failure to confirm the identity of the user by refusing to make such a request

Article 6 (Application for Use)

Application for application is made online by recording the required information in the company's prescribed application form

All customer information on the online sign-up form is considered to be actual data, and users who have not entered their real name or actual information will not be legally protected and may be restricted from using the service

The Company may suspend the use of the Service or terminate the Permanent Suspension and Use Agreement if the factual information or false information is entered or later revealed to be such information Any damages incurred by the Company or any third party are the sole responsibility of the customer

The Company may provide customers with a variety of useful information about the Company's related services via e-mail, correspondence, telephone, etc

Article 7 (Consent to Use of customer Information and Approval of Application for Use)

Consent to Use of customer Information

① The Company shall use the customer's personal information for the purpose of fulfilling the contract of use and providing the service under this contract

② customership information may be provided to companies affiliate stored with the Company in order to make it easier for customers to use services that are affiliate stored with the Company and the Company We must notify the contents of customership information in advance and obtain the customer's consent

③ The Company will not transmit the advertisement information of the affiliate stored service against the express wish of the customer to refuse the reception, but the company can send the SMS and SMS URL such as the usage guide and product information for convenience of the affiliate store service If you do not want to, you can opt out by unsubscribing

④ customers can view and modify personal information at any time by modifying their customership information

⑤ customer's registration of customership information on the application form and application for use of the company in accordance with the terms and conditions shall be deemed to be the consent of the company to collect, use and provide the customer information described in the application form in accordance with this agreement

Acceptance of application for use

① The Company may accept customership registration if the customer has made an application for using the Company by filling in all the matters required by the Company's prescribed application form However, in cases 2 and 3, the Company may suspend acceptance or refuse consent

② The Company may reserve the acceptance of the application for use under the following subparagraphs:

A) If There is no room in the facility

B) in case of technical difficulties

C) In case of difficulty in accepting the use of the other company for convenience

③ The Company may not accept the application for the use of each of the following subparagraphs

A) If the name is not a real name

B) You have applied for the name of another person

C) In case of applying for false statement of the contents of the application for use

D) application for the purpose of hindering the well-being of the society or the morals of the soul

When there was a shortage of application requirements set by the company

Article 8 (Termination and Cancel of Use Contract)

The use contract shall be terminated by the termination of the customer or the company The damage caused by termination of the use contract by the termination of the customer shall be borne by the customer who has terminated the use contract

① When a customer wishes to terminate the contract, the customer himself / herself must apply for termination to the company through online

② The Company may terminate the use of the service or limit the use of the service or terminate the use contract when the customer has performed any of the following subparagraphs

(A) if there is any violation such as the following

In case, you have stolen someone's service ID and password

In case of intentional interference with the operation of the Service

If the customer name is not a real name

In case of intentional dissemination of content that is detrimental to public order and morals

When a customer plans or implements the use of the Service for the purpose of impeding national interest or social public interest

In the event of impairing or disadvantageous behavior of others

When transmitting large amounts of information or transmitting advertising information for the purpose of interfering with the stable operation of the service

When a computer virus program that causes malfunction of information or communication facilities or destruction of information is distributed

Illegal use of personal information, user ID and password of others

When the information obtained from the company's service information is copied or circulated or used commercially without prior consent of the company

The same user double-registered with another ID

Infringes the intellectual property rights of the Company, other customers or third parties

When there is a request for correction by an external organization such as the Broadcasting Communication Deliberation Committee, or if it is interpreted by the Election Commission in relation to the illegal campaign,

In violation of Company's terms of use including this Agreement

If you are notified about a long-term dormant subscriber, you have not made a statement about the use of the service within the notice period

When a customer tries to sell or register a nonconforming commodity for sale or commits a commodity trading that is in violation of public order and morality

In the case of refusing to purchase a customer's product without intending to purchase it, or when the customer has registered the goods without intention of actually selling the goods

When collecting, storing and disclosing personal information about users without their consent

Direct Derivatives Derive from Information Obtained Through Company's Service Information

Inevitable in company policy to improve services of other companies

(B) For each of the following subparagraphs

- If the operator or administrator finds it inappropriate to use

- An act of judging objectively that it is connected with a crime

- Acts contrary to relevant laws

Suspension or Restriction of Service

① If the Company wishes to restrict the use, the Company shall notify the customer or agent of the reason by specifying the reason, date and time, and writing or using the telephone or homepage message function

However, if the Company recognizes that it is necessary to suspend the use of the service urgently, it may restrict the use of the service without the process of the preceding paragraph

③ If a customer who has been notified of suspension of use of the service or his / her agent has objection to suspension, he / she may appeal

④ The Company shall immediately terminate the suspension if it is confirmed that the reason for suspension of use is resolved during the suspension period

Termination of use contract

① If the same activity is repeated two or more times after the Company stops using or restricting use of the service, or if the reason is not corrected within 30 days, or if there is a violation of 1 ② (A), the Company may terminate the use contract

② If the company terminates the use contract, the customership registration is canceled And the Company will notify customers in this case and give them an opportunity to call before the expiration date

Article 9 (Change of customer Information)

customers may view and modify their personal information at any time through the Personal Information Modification screen, but the name, date of birth, gender, and ID required for service management can not be modified

customers must notify the Company of any changes made to the customership at the time of the customership application by online modification or by e-mail or other means

3 The Company shall not be held responsible for any disadvantage caused by not informing the Company of the changes in Paragraph 2

Chapter 3 customership Obligations

customers are responsible for all management of the ID and password And customers are responsible for any consequences arising from the negligence, misuse, or misuse of the ID and password given to the customer

If a customer finds out that his or her ID has been misused, he must notify the company and follow the company's instructions

In the case of Paragraph 2, the Company shall not be liable for any disadvantage caused by failure of the customer to notify the Company or not to follow the Company's guidance even if it is notified

Article 11 (Provision of Information)

The Company may provide the following service information, which is deemed necessary by the customer during the use of the service, to the customer by e-mail or letter mail If the customer does not want it, you can opt out

Virtual Currency Transaction Services

Services such as events and occasions

Services to be determined by the Company from time to time and provided to customers

The types of services provided by the Company may be changed from time to time by the Company, and the copyright and intellectual property rights of the services provided shall belong to the " Company "

The Company grants to the customers only the right to use the Account, ID, Service, Points, etc in accordance with the Terms and Conditions set by the Company in connection with the Service, and the customer shall not be allowed to provide similar services and commercial activities utilizing such thing

Article 13 (Notification and change of service contents)

The Company shall notify users of the characteristics, procedures and methods of each service through the service screen according to the type of service, and the customer must understand the service and use the service for each service notified by the company

If the contents of the service are changed, the company must notify at least 7 days before the change, and we will not be held responsible for any damages incurred by customers not viewing the notice

Article 14 (maintenance and suspension of services)

The use of the service is conducted 24 hours a day, 7 days a week, unless there is a special obstacle in the business or technology of the company, but, it is not the day or time that the company set for the need for periodic inspections

The company can divide the service into a certain range and set the available time for each range separately, in which case the information will be announced in advance

The Company may suspend the delivery of the Service if it falls under any of the following subparagraphs:

Inevitable due to construction work, such as maintenance of service facilities

In the event that a telecommunications carrier prescribed in the Telecommunication Business Act terminates the telecommunication service

In the case of a service provided by a third party such as an affiliate store company, not a service provided directly by the company, when a third party such as an affiliate store company terminates the service

Other causes of force majeure

The Company may limit or suspend all or part of the Services in case of interruption of normal service due to national emergency, power outage, disruption of service facilities, or excessive use of services

The Company may discontinue the services provided in the event of a replacement for a new service or for which the Company is unable to provide the Service

Article 15 (Limitation on customers' Use of Payment)

The Company may limit the customer's use of the Payment if it falls under any of the following subparagraphs:

If the payment is excessive

If the seller and buyer are judged to be the same

When requested by payment service provider and issuer

Should the use of the payment be restricted in accordance with the Company's operational policy

In the case above, the company will notify the customer through the message of the homepage etc

In case of duplication of suspension reason, release can be processed only when all suspension termination conditions are satisfied

Article 16 (Limitation on customers' Deposit and Withdrawal)

The Company may limit or delay the use of customers' deposits and withdrawals in the following cases:

When the name of the customer to be deposited and the name of the depositor have been deposited differently

If the first withdrawal amount after customership is excessive

In the event that the Company's operating policy requires limiting or delaying the use of deposits and withdrawals

Out of the scope of the service use rights set by the company

In the case above, the company will notify the customer through the message on the homepage

In the case of duplication of use limitation and delay reason, it can be canceled only when the administrator or the operator has the release condition required

Chapter 5 Using Virtual Currency Transaction Services

customers who wish to sell or purchase virtual currency through the services provided by the Company must register the transaction in accordance with the registration form provided by the Company

Use of supplementary services

customers who want to sell virtual currency can apply for additional services provided by the company for more effective sales when registering transactions. The specific details of the supplementary services are determined by the company

All services provided by BITHUMB to customers in connection with the sale / purchase of virtual currency shall be used only for the convenience of each customer, and all similar services beyond the scope of use of the service and commercial use shall be prohibited

Modification of Virtual Currency Properties

① Modifications such as adding registered virtual currency information can not be changed after the transaction is processed

② In the case of virtual currency registration, you can not cancel additional services you have applied, only additional ones

③ If buyer is selected, deletion is not possible

Income other than fees

The interest earned by the Company in the course of using the Company Service shall be in return for the Company to provide services for the payment of the virtual currency, and the customer shall not be entitled to claim the return

- Password succession error
- Hacking / fraud incidents
- If in doubt as an imposter
- Other: Administrator's judgment
- If you are suspected of providing similar services and commercial applications utilizing the API,

- Resolve the reason for suspension
- Administrative's judgment

Unable to log in

Some Service Limits(Purchase, sale, withdrawal limit)

According to the administrator's judgment, if it is judged that there is no problem in using the service other than the specific service such as purchase / sale / withdrawal, it can be processed as partial restriction

- Resolve the reason for suspension
- Administrative's judgment

No specific service available

Article 19 (Information on the Storage of Virtual Money)

The company can keep the virtual currency that is held for customers who have not connected for more than six months, or the virtual currency that has not been withdrawn, as cash at the time, in order to keep it safe from unexpected accidents

The company will return the virtual currency held by customers who have not been in connection for more than six months in the state they were in when they returned it

Chapter 6 Service Use Fees

The company imposes a fee on behalf of the buyer / seller in return for providing services over the Internet The fees are stated in the company's website usage and may change according to the company and market conditions

The Company may discontinue any service provided in the event of a replacement for a new service or for which no other company can provide the Service

Chapter 7 Using Content Services

Article 21 (Use of gift voucher service mall)

The company sells paid products using pin numbers such as online / offline gift vouchers, prepaid cards, mobile vouchers, and gift vouchers to customers and deals with the following items

Online / Offline Gift Certificate

Mobile service (charge plan, letter coupon, etc)

Digital content (web hard, music, movies, comics, etc)

Items the company decides

The company will provide the pin number or branch gift voucher for each product from the affiliate store to the purchasing customer

customers can process all inquiries and problems regarding the use of gift voucher service through the affiliate store handling each product, but, you can contact the company about the pin number error

customers can use KRW or BTC to purchase gift certificates, prepaid cards, and related products for mobile services

For BTC payments, the BTC quantity is determined by the price at the time of payment

When you make a payment at BTC, the bit coin will be sold in the KRW on the market, so there may be a slight difference in the amount of coin in payment bits due to the fluctuation of the bitcoin

For branch gift vouchers, shipping time may vary depending on the circumstances of the shipper

customers can not refund or cancel the use of Gift Voucher Service in principle

Article 22 (Use of prepaid card service)

Issuance of prepaid card

Prepaid cards can be issued on the prepaid card page after accepting these terms

We will deduct a certain amount of the card issuance fee as determined by the Company for issuance and delivery of prepaid cards

Since it is a card issued by an affiliate store of the company, you need to sign up for an affiliate store homepage and apply for a card issuance separately

Charging and Using Prepaid Cards

Charging a prepaid card is only possible with a bit coin

The amount of bit coins that a customer has and the price of the card at the time of the charge application will determine the actual card charge

customers may be subject to restrictions on charging and using prepaid cards in the following cases

If a customer used the card in a fraudulent manner, such as forging a prepaid card

If a customer violates applicable laws and terms and conditions

If the company and its affiliate stores have a holiday or system maintenance work

If there is a force majeure event in the card operating system, such as a natural disaster

If, for the above reasons, a customer is damaged by not being able to charge or use a prepaid card, customers can not claim damages

Prepaid card usage services are subject to the affiliate store's terms and conditions

Prepaid card services may be changed or discontinued due to government policy, company or affiliate store circumstances, or related laws

Lost or stolen or exchange of prepaid cards is subject to the affiliate store's terms and conditions

Refund and Cancellation of Prepaid Card

In principle, customers can not refund or cancel the amount charged to the prepaid card

If a customer falls under any of the following, customers may receive a refund of the amount charged on their prepaid card An the bank account in your name will be refunded in Korean Won If there is some use, the balance remaining on the prepaid card will be refunded

When the use of prepaid card is impossible due to natural disasters, etc

If a prepaid card is not available due to a card defect

Prepaid Card Fee

Prepaid card fees include issuing / charging / withdrawal and transfer fees, and fees are stated in the company and partner website instructions

The prepaid card fees may change depending on the circumstances of the company, affiliate stores and markets

Article 23 (Use of X-Pay Service)

Use of X-PAY Service

The Company will perform the following subparagraphs to provide X-Pays

The affiliate store provides the X-Pay payment URL, page and system required for payment requests

Knowing the terms and conditions of the X-PAY and fulfilling the obligation to notify the customers of the precautions related to payment of the bit coin

affiliate store should not use X-PAY for the purpose of selling goods or services that are prohibited by the morality of society or prohibited by law, nor content containing false or exaggerated information

The customer must pay a network fee of at least 00001 BTC to process the normal X-Pay service The company will not be held liable for any problems that arise when the customer pays a fee of less than 00001 BTC

X-PAY may be delayed until normal processing due to bitcoin network situation, system maintenance work and force majeure, and the company is not responsible for it

X-Pay is a bit coin-based service, so in the event of a sudden increase or decrease in the market price, the service may be temporarily interrupted

X Pay payment

X-Pay Billing will set the affliliate store's X-Pay account in real time on the merchant's X-Pay account

Affiliate store store can use X-Pay to choose the settlement method between won and beat coin

Settlement of Won: The customer sells the beat coin paid through X-Pay, and it is settled in Won to the affiliate store

Bit Coin Settlement: A bit coin paid by the customer via X-Pay will be settled in the affiliate store's account as a bit coin

X-Pay cancellation and refund

We will issue a refund to the customer through his / her identity under the responsibility of the affiliate store when canceling or refunding the transaction after X-Pay, but, depending on the settlement method of the affiliate store, it is possible to refund the money in the form of a bit coin or a currency converted at the time of payment, and the refund method can be confirmed through the affiliate store's guide

If you give a refund to the customer in Korean won, the affiliate store will receive the refunded amount of the refund to the customer through an Xpay account

If you refund a bit coin to the customer, as a general rule, affiliate store refund to the customer's requested bit coin address At this time, the commission fee is charged by the merchant

If a customer deposits at a affiliate store that has chosen the settlement of accounts in excess of 10 minutes waiting for X-Pay settlement, the billing bit coin quantity may change as the price fluctuates

If additional deposits are required due to deposit changes or a deposit that is less than the requested number of coins, the company can ask the customer for insufficient bit coin quantity through the affiliate store, and if overpaid, the customer can request a refund through the affiliate store

If the customer requests cancellation or refund of the transaction, the affiliate store accepts it and handles the cancellation and refund through X-PAY or handles the refund directly under the responsibility of the affiliate store

In case of intermittent infinite waiting of Bit Coin Transmission, Bit Coin Transmission can be canceled within 15 days

Affiliate store are responsible for all issues arising from delays or cancellations of bit coin payments due to merchant negligence, or incorrectly entering a bit coin address when refunding

X-Pay Fees and Settlement

Service fee rate

When we settled at an affiliate store, we deduct a certain percentage of the sales amount

The service fee rate is stated on the company's homepage, and the service fee rate may change according to company policy

The settlement time is based not on when the customer has completed the payment, but when the customer has deposited the bit coin and the transaction has been completed in 3 confirm on the bit coin network (block chain)

Xpay settlement payment can be withdrawn after 3 business days

Chapter 8 Privacy

Article 24 (Consent to customer Information Use)

The personal information protection policy of the customer is applied to the personal information of the customer When the customer writes the customer information in the use application form, it means that you agree that the Company will collect, use and provide the customer Information described in the Application for Use pursuant to these Terms and Conditions The person in charge of managing the customer information is the operator determined by the company

To enable customers to use the Company and the services associated with the Company in a useful and convenient manner, the Company may use the customer's information in accordance with the procedures set forth in this Agreement or may provide such information to the business partner with the Company However, the company will always disclose or distribute your information to third parties only if we notify the partners in advance, the purpose of the offer, the details of the customership information to be provided, etc and obtain the consent of the customer, except in the case that there is a request from the national agency liable for any violation of the provisions of the Act, such as the Basic Act on Telecommunications, if there is a criminal purpose for the crime or if there is a request from the Information Communication Ethics Committee However, the Company shall not be liable for any violation of the provisions of the Act, such as the Basic Act on Telecommunications, if there is a request from the national agency, if there is a criminal purpose for the crime or if there is a request from the Information Communication Ethics Committee, We will always disclose or distribute your information to third parties only if we notify the partners in advance, the purpose of the offer, the details of the customership information to be provided, etc and obtain the consent of the customer However, that the limitations of this Article shall not apply to the exchange of mutual information between the two Parties relating to the transaction

If the applicant or the customer has changed the personal information on the application form, he / she must immediately correct the relevant information through the operator or the customer information change window, but you can not change the customer ID, name, date of birth

In the case of the preceding paragraph, the customer shall be liable for any damages caused by unmodified information, and the company shall have no liability for this

If a customer is dissatisfied with the handling of personal information of the company, he / she must submit the relevant information in writing to the company In this case, the company must deal with the customer's complaint according to the legitimate procedure

customer's revocation of contract is in accordance with Article 8, and in the event that the contract of use is terminated, the customer's personal information will be retained in accordance with the relevant laws and regulations, such as the Consumer Protection Act on Electronic Commerce etc, and shall be deleted thereafter

Even if the company has an obligation to destroy personal information, if it is necessary to preserve the personal information according to the provisions of the related laws such as the Commercial Act, the personal information of the customer will be kept for the period specified by the relevant laws and regulations

If we need to collect or transmit personal information to use a particular service, the company must notify the customer in advance and seek consent from the customer

Personal information provided by a customer can not be used for purposes other than without the consent of the customer, except for the following cases

Chapter 9 Compensation for damages and Disclaimers

Article 25, (Compensation for Damages)

The Company shall not be liable for any accidents arising out of transactions that are outside of the trading rules stipulated in these Terms and Conditions and shall not be liable for any dispute arising out of the negligence of the Seller or Buyer The damage caused by the Company's affiliates shall be in accordance with the terms of the affiliates, and the dispute between the affiliates and the customers shall be settled in principle

Article 26 (Disclaimer)

公司对以下各条中的情况概不负责。

A) In case of force majeure such as exhibition, affairs, natural disasters or national emergency

B) In the event of damages caused by intention or negligence of the user

C) In the case of a telecommunication service failure provided by other telecommunication carriers under the Telecommunication Business Act

公司对因用户归责事由造成的服务使用故障不承担责任。

The Company shall not be liable for the contents of the materials posted or transmitted by users

The Company shall not be liable for any defects in the delivery of virtual currency due to defective services of the virtual currency issuance management system or telecommunication service provider or due to the periodic server inspection time

The contents of the virtual currency registered in the Bithumb Exchange is registered by each customer and the company is not responsible for the contents of registration

Article 27 (Representative and Disclaimer of Guarantee)

The Company does not have the authority to represent customers who want to sell or buy virtual currency, and any act of the Company is not considered to be a seller or a substitute act of the Buyer

The Company does not warrant the truth, authenticity or legality of a sales physician or purchasing physician in connection with the sale and purchase of customers through the services provided by the Company

The Company shall not be liable for any warranties of merchandise or services handled by the site linked to the Company The Site linked to the Company and the Company shall operate independently and the Company shall not be liable for any transaction

Article 28 (Competent Court and Governing Law)

When a dispute arises in connection with the use of the service, such as the company's tariff system, the court that has jurisdiction over the the company's headquarters will be the court of competent jurisdiction

公司和会员之间关于服务使用的诉讼适用大韩民国法律。

Supplementary Provisions

These Terms will be effective May 25, 2015

These Terms will be effective November 26, 2015

These Terms will be effective June 07, 2016

These Terms will be effective Jan 01, 2018

Chapter 1 General Provision

Article 1 (Purpose)

The purpose of the terms of service (the “TOS” hereinafter) is to define and specify the rights, obligations, responsibilities and other necessary matters between BTC Korea Co., Ltd. (the “Company”) and members concerning the conditions and procedures to use the Bithumb and Bithumb-related services (the “Service”) provided by the Company.

Article 2 (Specification, Explanation and Revision of Terms)

The contents of this TOS shall become effective to all members when the Company posts the TOS at the site related to membership registration to the Service of the Company or notifies users of the above via other means and when a member subsequently agrees to this TOS to complete his/her membership registration.

The Company may amend this TOS within the scope not violating applicable laws and regulations, including the Act on the Regulation of Terms and Conditions and the Act on Promotion of Information and Communications Network Utilization and Information Protection, etc.

In the event of amendments made to the TOS, the Company shall make a public announcement of the amendments concerned 7 days prior to the enforcement date of the amendments via initial screen of the Company's website, through pop-up windows or as public notifications by specifying the date of application and grounds for amendments along with the current TOS: Provided that when the amendments are made unfavorable to members or when significant details are amended, the Company shall notify members of the above at least 30 days prior to the enforcement date.

In the event where a member fails to expressly indicate his/her intent of refusal even when the Company clearly notifies members of the fact that any members who fail to indicate his/her intent within 7 days after the Company notifies members of the amended TOS pursuant to the previous paragraph above shall be deemed as have expressed his/her intent, the member concerned shall be deemed to have consented to the amended TOS.

When a member expressly indicates his/her intent not to consent to the application of amended TOS, the Company may not apply the contents of the amended TOS. Upon such occasion, the member concerned may cancel the service agreement: Provided that when there is a special circumstance where the existing TOS cannot be applied, the Company may terminate the service agreement.

Article 3 (Outside Terms and Conditions)

The Company may stipulate separate notices, individual terms of service, individual consents, user guidelines, operation policies and detailed guidelines other than this TOS (collectively referred to as the “Detailed Guideline”), and may notify members of the above or attain consents to the above from members. And when any conflicts arise between this TOS and the contents from the Detailed Guideline obtained consent from members, the Detailed Guideline shall supersede.

All matters not prescribed by this TOS and interpretations of this TOS shall be subject to the Detailed Guideline and applicable laws and regulations or generally accepted commercial practices.

Article 4 (Definition of Terms)

The terms used in this TOS shall be defined as follows:

The term, “member(s),” means a person who approves this TOS, completes membership registration and enters into a service agreement with the Company;

The term, “ID,” means e-mail address or mobile phone number registered by a member for the purpose of member's individual identification and use of the Service;

. The term, “password,” means a combination of letters and numbers designated by a member and approved by the Company in order to verify the identity and personal information of the member;

The term, “cryptocurrency,” means the purpose of the Service as well as the information that electronically exists within blockchains, such as Bitcoin (BTC) and Etherium (ETH);

The term, “KRW (Korean currency point),” means points that can be exchanged with cash where a member may charge them by using payments means provided by the Company and use them during transactions of cryptocurrency: Provided that no separate interests are incurred;

. The term, “seller,” means a member who either register or petition for a given cryptocurrency according to a form provided by the Company through online based on his/her intent to sell;

The term, “buyer,” means a member who either register or petition for a given cryptocurrency according to a form provided by the Company through online based on his/her intent to buy;

The term, “contents service,” means paid services, including a gift certificate mall offering gift certificates to be purchased with Bithumb KRW or BTC, such as gift certificate sold through pin number, paper gift certificate and pre-paid card, and a pre-paid card that is charged with cryptocurrency;

Chapter 2 Application for service use and acceptance (subscription and withdrawal)

Article 5 (Establishment of Use Contract)

A user shall apply for membership registration by indicating his/her intent to consent to this TOS after providing membership information in accordance with the registration form prescribed by the Company.

A membership registration shall be constituted at the time when the approval of the Company arrives at the member.

A service agreement shall be executed by each member's ID. Once a service agreement is concluded, the applicant for the service shall be registered as a member.

Legal protection shall not be guaranteed to any member who provides his/her name that is not real or someone else's personal information, such as name and phone number; and those members shall be held fully accountable for both civil and criminal liabilities.

Any person who is under 19 years old shall be limited to the access of the Service related to cryptocurrency provided by the Company.

When a user is a national, citizen, permanent resident or resident of the country or region designated as a non-cooperative countries and territory (NCCT) by the Financial Action Task Force (FATF), the person concerned may be limited to the access of the Service. All members shall guarantee the followings:

A member shall not be a national, citizen, permanent resident or resident of the NCCT;

A member shall not use the Service while staying in the NCCT;

Upon applications under Paragraph 1 above, the Company may, when deemed necessary, request for real name verification and personal authentication through specialized institutions depending on the types of users pursuant to applicable laws and regulations. The Company shall not be held liable for any disadvantages which may arise from failure to verify user's personal identification due to the user's refusal to respond to the request made by the Company.

Article 6 (Application for Use)

Those who wish to access the Service shall make a request for use of the Service by submitting the information requested on a prescribed form provided by the Company.

All membership information filled out on the application form via online shall be deemed as actual data; and any member who fails to provide real name or actual information shall not be legally protected and may be limited to the use of the Service.

When a member provides or is found later in time to have provided false or incorrect information, the Company may temporarily or permanently suspend the member concerned from the use of the Service and terminate the service agreement. All damages or losses caused to the Company or third party arising from the above shall be fully borne by the member concerned.

Article 7 (Consent to Use of customer Information and Approval of Application for Use)

Consent to the use of membership information:

The Company shall use personal information of members for the purpose of fulfilling a service agreement and providing the Service under the service agreement.

Membership information may be provided to business partners of the Company in order for members to easily access and use the Service of the Company and affiliated services: Provided that the Company shall notify members of the business partners, purpose of provision of membership information and details of membership information to be provided and obtain consent from members before providing membership information to the business partners.

Members may, at any time, access and modify personal information through modification of membership information.

When a member provides membership information through an application for the Service and request the Company for the use of the Service in accordance with this TOS, the member shall be deemed to have consented to collection, use and provision of membership information listed in the application for the Service pursuant to this TOS.

Acceptance of application for use

Service, the Company may approve the membership registration of the member concerned: Provided that when falling under Subparagraph 2 or Subparagraph 3, the Company may suspend the approval or refuse to approve.

② The Company may reserve the acceptance of the application for use under the following subparagraphs:

A. When the resource of the facility is limited;

B. When technical issue arises;

C. When other circumstances arise for the Company to be unable to approve the request;

When falling under any of the followings, the Company may refuse to approve the request for the use of the Service:

A. When the name provided by a member is not a real name;

B. When a member submits an application under someone else's name;

C. When required items upon request for the use of the Service are falsely listed;

D. When application is made for the purpose of obstructing public peace and order or good social morals customs;

E. When requirements for the use of the Service prescribed by the Company are unsatisfactorily fulfilled;

Article 8 (Suspension and Cancellation of Service Agreement)

A service agreement shall be terminated through cancellation by a member or the Company:

When a member intends to cancel the service agreement, he/she shall request the Company for cancellation after transferring all of his/her assets (cryptocurrency and KRW points) to the outside.

When a member falls under any of the followings, the Company may restrict the member from the use of the Service or terminate the service agreement.

- In case, you have stolen someone's service ID and password

- In case of intentional interference with the operation of the Service

- If the customer name is not a real name

- When a member uses the Service in order to obstruct social and public interests

- In the event of impairing or disadvantageous behavior of others

- When transmitting large amounts of information or transmitting advertising information for the purpose of interfering with the stable operation of the service

- When a computer virus program that causes malfunction of information or communication facilities or destruction of information is distributed

- Illegal use of personal information, user ID and password of others

- When a member reproduces, distributes or commercially use the information acquired from the use of the Service without prior consent from the Company

- The same user double-registered with another ID

- When a member infringes intellectual property rights of the Company, other members or third party

- When outside agencies, such as the Korea Communications Standards Commission, order a corrective measure or when the National Election Commission renders authoritative interpretation related to illegal election campaign

- When personal information of users is collected, saved or disclosed without acquiring proper consent

- When an objective decision is made that the use of the Service by a member is connected to criminal acts

- When a member trades cryptocurrency on behalf of other person in order to gain profits, such as service fees

- When a member commits an act which violates other applicable laws and regulations

Procedure to Suspend or Restrict the Use of Service:

When the Company intends to restrict the use of the Service, the Company shall specify the grounds, time and duration and notify the member concerned or his/her representative of the above in writing (including electronic mail) or by means of telephone and messenger function at the official website.

Notwithstanding the above, when the Company deems necessary to immediately suspend the use of the Service, the Company may restrict the use of the Service without the procedures prescribed in the previous Paragraph.

A member who receives the notice of service suspension or his/her representative may file an appeal when he/she objects to the suspension.

The Company shall immediately lift the measure of suspension only when it is confirmed the grounds for suspension are resolved during the period of suspension.

Termination of use contract

The Company may terminate the service agreement when an identical act is repeated for twice or more or when the grounds for suspension are not relieved within 30 days after the use of the Service is suspended or restricted.

When the Company terminates the service agreement, membership registration shall be cancelled. Upon such occasion, the Company shall notify the member of the above and grant the member an opportunity for exculpation.

Article 9 (Change of customer Information)

Members may, at any time, access and modify personal information of their own through modification screen of membership information: Provided that modification of the real name, date of birth, gender and ID shall not be allowed for the purpose of the service management.

When changes are made to the information submitted by a member during membership registration, the member shall modify the information concerned via online or notify the Company of the changes through electronic mail or other means.

The Company shall not be held liable for any disadvantages caused because the changes under Paragraph ② are not notified to the Company.

Chapter 3 customership Obligations

All responsibilities to manage ID and password shall be borne by a member. A member shall be held liable for all consequences arising from negligent management or illegal use of ID and password granted to the member, and the Company shall be completely relieved from any liabilities: Provided that the above shall not apply when the consequences arise from the intent or negligence of the Company.

When a member learns that his/her ID is illegally used, the member must notify the Company of the above and follow the guideline give by the Company.

In the event of Paragraph ②, the Company shall not be held liable for any disadvantages arising from the member's failure to notify the Company of the above or to comply with the guideline given by the Company after notifying the Company.

Article 11 (Provision of Information)

The Company may provide information on the use of the Service and products for the members' convenience to use the Service as follows by means of wired/wireless telephone, electronic mail, text message (LMS/SMS) or SNS. Upon such occasion, members may refuse to receive the above at any time:

Services related to the trade of cryptocurrency;

Services such as events and occasions

Other services which the Company frequently determines and provides members;

Chapter 4 General Service Use Policy

Article 12 (Type of Service)

The Service provided by the Company includes trade of cryptocurrency (sale-related, purchase-related, provision of trade API, and services related to search of market price) and contents (gift certificate mall and pre-paid cards).

The types of Service provided by the Company may frequently change subject to the circumstances which the Company is under, and all copyrights and intellectual property rights concerning the Service provided shall be attributed to the Company.

The Company grants to the customers only the right to use the Account, ID, Service, Points, etc in accordance with the Terms and Conditions set by the Company in connection with the Service, and the customer shall not be allowed to provide similar services and commercial activities utilizing such thing

Article 13 (Notice and Modification of Service)

The Company shall service notices concerning characteristics, procedures and methods of each service based on the type of services through a service screen, and members shall use the Service after understanding the notices concerning each service notified by the Company.

The Company may make changes to a specific service for fair operational and technical reasons. In this case, the company is required to make an announce ment at least 7 days in advance.

Article 14 (maintenance and suspension of services)

The use of Service shall be allowed for 24 hours a day in principle unless special circumstances arise based on operational or technical grounds for the Company: Provided that the above shall not apply to the day or time specified by the Company for the purpose of regular maintenance.

The company can divide the service into a certain range and set the available time for each range separately, in which case the information will be announced in advance

When falling under any of the followings, the Company may suspend the Service:

Inevitable due to construction work, such as maintenance of service facilities

In the event that a telecommunications carrier prescribed in the Telecommunication Business Act terminates the telecommunication service

In the case of a service provided by a third party such as an affiliate store company, not a service provided directly by the company, when a third party such as an affiliate store company terminates the service

Other causes of force majeure

The Company may terminate or limit the entire or partial services in the events where provision of normal service is unachievable due to a state of national emergency, power outage, problems with service facilities or overwhelming traffic to the Service.

Article 15 (Limitation on customers' Use of Payment)

The Company may limit the customer's use of the Payment if it falls under any of the following subparagraphs:

If the seller and buyer are judged to be the same

When a request is made by a provider and issuer of payment service;

Upon occasions above, the Company shall notify members of the details concerning the above through notices at the official website.

When the grounds for restriction repeat, the Company may relieve the restriction only when conditions to relieve the restriction are fulfilled.

Article 16 (Restriction on Members' Deposit and Withdrawal)

When falling under any of the followings, the Company may restrict or render delayed approval to members' use of deposit and withdrawal:

When deposits are made with the name of depositor different from the member's registered name;

When a deposit or withdrawal is made beyond the scope of authority to use the Service stipulated by the Company;

When national agencies or financial institutions, including National Police Agency and National Tax Service, provide information stating that the member's account is suspected of being used for illegal acts;

When falling under any of the above, the Company shall notify the member concerned of the details of the above by means of notice at the official website.

In the case of duplication of use limitation and delay reason, it can be canceled only when the administrator or the operator has the release condition required

Chapter 5 Using Virtual Currency Transaction Services

customers who wish to sell or purchase virtual currency through the services provided by the Company must register the transaction in accordance with the registration form provided by the Company

Use of supplementary services

customers who want to sell virtual currency can apply for additional services provided by the company for more effective sales when registering transactions. The specific details of the supplementary services are determined by the company

With respect to all services related to sale/purchase of cryptocurrency provided to members by the Company, members shall be granted only a right to use the Service for the purpose of improving individual convenience of members, and provision of all similar services or commercial use of the Service exceeding the scope of authority to use the Service shall be prohibited.

Article 18 (Limitation on Use of Transaction Services)

区分

Grounds for Restriction

Condition for Relief

Blocking of Log-in

① When a request is made by a member;
② When personal identification is failed;
③ When a request is made by national agencies or financial institutions;
④ When password is wrongfully entered for 5 consecutive times;
⑤ When related to or reasonably suspected of criminal acts, such as voice phishing, or financial incident;

- When grounds for restriction are resolved;
- For ④, block of log-in shall be lifted following successful personal identification;

Interception of Withdrawal

① When a member is a minor;
② When a request is made directly by a member;
③ When a request is made by national agencies or financial institutions;
④ When the first withdrawal of cryptocurrency purchased by KRW is requested since membership registration: Provided that the withdrawal shall be blocked for 72 hours from the charge of KRW;
⑤ When KRW is charged for 3 times or more during the span of 24 hours: Provided that the withdrawal shall be blocked for 72 hours from the third charge of KRW;
⑥ When related to or reasonably suspected of criminal acts, such as voice phishing, or financial incident;
⑦ When a person has acquired KRW or cryptocurrency without legal causes;

- When grounds for restriction are resolved;
- For ④ through ⑥, interception may be canceled after the member concerned pays a visit to the customer service center and completes personal identification;

Chapter 6 Service Fees

Article 19 (Service Fee Concerning Trade of Cryptocurrency)

The Company imposes service fees on sellers/buyers in return for providing the Service through internet. Fees are expressly described in “How to Use” at the official website, which may be subject to change based on the market situation and circumstances which the Company is under.

Chapter 7 Protection of Personal Information

Article 20 (Protection of Personal Information)

The Company endeavors to protect personal information of members as prescribed by applicable laws and regulations. Personal information of members shall be used only within the purpose and scope which members consent to for the purpose of effective Service. Unless stipulated otherwise by applicable laws and regulations or separately consented by members, the Company shall not provide personal information of members to third party, and details concerning the above shall be prescribed in the privacy policy on personal information.

Chapter 8 Compensation for Damages and Indemnity

Article 21 (Indemnity of the Company and Compensation for Damages)

The Company does not guarantee any matters concerning the Service not stipulated by this TOD. Moreover, the Company does not guarantee the value of cryptocurrency which is not issued or guaranteed of payment by the Company.

The Company shall be indemnified from liabilities for provision of the Service when the Service cannot be provided due to natural disaster, DDos attack, IDC problems, overwhelming traffic to the Service, problems with cables of common telecommunications business operators and other unavoidable causes: Provided that the above shall not apply when the consequences arise from the intent or gross negligence of the Company.

The Company shall not be held liable when problems unavoidably occur due to problems with blockchain, malfunction or technical issues of the system managing issuance of cryptocurrency, faults of telecommunication service provider and regular server maintenance: Provided that the above shall not apply when the consequences arise from the intent or gross negligence of the Company.

The Company shall not be held liable for problems to use the Service or subsequent results caused by reasons attributable to members: Provided that the above shall not apply when the member concerned proves just cause.

The Company shall be indemnified of any liability when trades are made between members or between a member and third party with the Service as a medium: Provided that the above shall not apply when the consequences arise from the intent or gross negligence of the Company.

Unless stipulated otherwise by applicable laws and regulations, the Company shall not be held liable for the use of the Service that is provided for free.

The Company may conduct regular, temporary or emergency inspection on servers for the purpose of providing stable Service. In the event where significant difference is found between the market price of cryptocurrency at domestic/overseas cryptocurrency exchanges and the market price of cryptocurrency pending for sale/purchase on the Service following the inspection of servers, the Company may cancel all pending orders in accordance with the in-house regulation for the purpose of protecting members.

When any person acquires or receives cryptocurrency held by third party without proper authority due to service errors, computer problems or other causes, the Company may take necessary measures, either retrieving the cryptocurrency concerned or restoring to original state, after notifying the person concerned in advance.

When a member requests the Company for compensation for damages, the Company may compensate the member for damages by means of paying cryptocurrency or KRW points through electronic wallet of the member subject to mutual agreement with the member.

Article 22 (Denial of Representation and Warrant)

The Company does not have the authority to represent a member who sells or buys cryptocurrency, and any acts of the Company shall not be deemed as acts to represent a seller or buyer.

The Company does not warrant the fact, truth and legality of the intents to buy or sell concerning the trades between members which are executed through the Service provided by the Company.

All sites linked to the Company (gift certificate mall, paid contents provider, etc.) are represented by business enterprises which are in business alliance with the Company through business agreements. The Company only accommodates those links to the enterprises concerned. All liabilities related to the operation and management of the service provided by the enterprises concerned and sales, delivery and refund of goods shall be borne by the enterprises concerned unless any consequences arise from the intent or negligence of the Company; and the Company is completely not involved with the above.

Article 23 (Jurisdiction and Governing Laws)

This TOS shall be governed and interpreted by the Laws of the Republic of Korea. Any litigations arising from disputes between the Company and members concerning the use of the Service shall be governed by the Laws of the Republic of Korea.

All disputes and litigations between the Company and members concerning the use of the Service shall be subject to the jurisdiction and venue of the courts in accordance with the procedures as prescribed by applicable laws and regulations.

ADDENDA

This TOS shall enter into force on May 28, 2018.

Chapter 1 General Provision

Article 1 (Purpose)

The purpose of the terms of service (the “TOS” hereinafter) is to define and specify the rights, obligations, responsibilities and other necessary matters between BTC Korea Co., Ltd. (the “Company”) and members concerning the conditions and procedures to use the Bithumb and Bithumb-related services (the “Service”) provided by the Company.

Article 2 (Specification, Explanation and Revision of Terms)

The contents of this TOS shall become effective to all members when the Company posts the TOS at the site related to membership registration to the Service of the Company or notifies users of the above via other means and when a member subsequently agrees to this TOS to complete his/her membership registration.

The Company may amend this TOS within the scope not violating applicable laws and regulations, including the Act on the Regulation of Terms and Conditions and the Act on Promotion of Information and Communications Network Utilization and Information Protection, etc.

In the event of amendments made to the TOS, the Company shall make a public announcement of the amendments concerned 7 days prior to the enforcement date of the amendments via initial screen of the Company's website, through pop-up windows or as public notifications by specifying the date of application and grounds for amendments along with the current TOS: Provided that when the amendments are made unfavorable to members or when significant details are amended, the Company shall notify members of the above at least 30 days prior to the enforcement date.

In the event where a member fails to expressly indicate his/her intent of refusal even when the Company clearly notifies members of the fact that any members who fail to indicate his/her intent within 7 days after the Company notifies members of the amended TOS pursuant to the previous paragraph above shall be deemed as have expressed his/her intent, the member concerned shall be deemed to have consented to the amended TOS.

When a member expressly indicates his/her intent not to consent to the application of amended TOS, the Company may not apply the contents of the amended TOS. Upon such occasion, the member concerned may cancel the service agreement: Provided that when there is a special circumstance where the existing TOS cannot be applied, the Company may terminate the service agreement.

Article 3 (Outside Terms and Conditions)

The Company may stipulate separate notices, individual terms of service, individual consents, user guidelines, operation policies and detailed guidelines other than this TOS (collectively referred to as the “Detailed Guideline”), and may notify members of the above or attain consents to the above from members. And when any conflicts arise between this TOS and the contents from the Detailed Guideline obtained consent from members, the Detailed Guideline shall supersede.

All matters not prescribed by this TOS and interpretations of this TOS shall be subject to the Detailed Guideline and applicable laws and regulations or generally accepted commercial practices.

Article 4 (Definition of Terms)

The terms used in this TOS shall be defined as follows:

The term, “member(s),” means a person who approves this TOS, completes membership registration and enters into a service agreement with the Company;

The term, “ID,” means e-mail address or mobile phone number registered by a member for the purpose of member's individual identification and use of the Service;

. The term, “password,” means a combination of letters and numbers designated by a member and approved by the Company in order to verify the identity and personal information of the member;

The term, “cryptocurrency,” means the purpose of the Service as well as the information that electronically exists within blockchains, such as Bitcoin (BTC) and Etherium (ETH);

The term, “KRW (Korean currency point),” means points that can be exchanged with cash where a member may charge them by using payments means provided by the Company and use them during transactions of cryptocurrency: Provided that no separate interests are incurred;

. The term, “seller,” means a member who either register or petition for a given cryptocurrency according to a form provided by the Company through online based on his/her intent to sell;

The term, “buyer,” means a member who either register or petition for a given cryptocurrency according to a form provided by the Company through online based on his/her intent to buy;

The term, “contents service,” means paid services, including a gift certificate mall offering gift certificates to be purchased with Bithumb KRW or BTC, such as gift certificate sold through pin number, paper gift certificate and pre-paid card, and a pre-paid card that is charged with cryptocurrency;

Chapter 2 Application for service use and acceptance (subscription and withdrawal)

Article 5 (Establishment of Use Contract)

A user shall apply for membership registration by indicating his/her intent to consent to this TOS after providing membership information in accordance with the registration form prescribed by the Company.

A membership registration shall be constituted at the time when the approval of the Company arrives at the member.

A service agreement shall be executed by each member's ID. Once a service agreement is concluded, the applicant for the service shall be registered as a member.

Legal protection shall not be guaranteed to any member who provides his/her name that is not real or someone else's personal information, such as name and phone number; and those members shall be held fully accountable for both civil and criminal liabilities.

Any person who is under 19 years old shall be limited to the access of the Service related to cryptocurrency provided by the Company.

When a user is a national, citizen, permanent resident or resident of the country or region designated as a non-cooperative countries and territory (NCCT) by the Financial Action Task Force (FATF), the person concerned may be limited to the access of the Service. All members shall guarantee the followings:

A member shall not be a national, citizen, permanent resident or resident of the NCCT;

A member shall not use the Service while staying in the NCCT;

Upon applications under Paragraph 1 above, the Company may, when deemed necessary, request for real name verification and personal authentication through specialized institutions depending on the types of users pursuant to applicable laws and regulations. The Company shall not be held liable for any disadvantages which may arise from failure to verify user's personal identification due to the user's refusal to respond to the request made by the Company.

Article 6 (Application for Use)

Those who wish to access the Service shall make a request for use of the Service by submitting the information requested on a prescribed form provided by the Company.

All membership information filled out on the application form via online shall be deemed as actual data; and any member who fails to provide real name or actual information shall not be legally protected and may be limited to the use of the Service.

When a member provides or is found later in time to have provided false or incorrect information, the Company may temporarily or permanently suspend the member concerned from the use of the Service and terminate the service agreement. All damages or losses caused to the Company or third party arising from the above shall be fully borne by the member concerned.

Article 7 (Consent to Use of customer Information and Approval of Application for Use)

Consent to the use of membership information:

The Company shall use personal information of members for the purpose of fulfilling a service agreement and providing the Service under the service agreement.

Membership information may be provided to business partners of the Company in order for members to easily access and use the Service of the Company and affiliated services: Provided that the Company shall notify members of the business partners, purpose of provision of membership information and details of membership information to be provided and obtain consent from members before providing membership information to the business partners.

Members may, at any time, access and modify personal information through modification of membership information.

When a member provides membership information through an application for the Service and request the Company for the use of the Service in accordance with this TOS, the member shall be deemed to have consented to collection, use and provision of membership information listed in the application for the Service pursuant to this TOS.

Acceptance of application for use

Service, the Company may approve the membership registration of the member concerned: Provided that when falling under Subparagraph 2 or Subparagraph 3, the Company may suspend the approval or refuse to approve.

② The Company may reserve the acceptance of the application for use under the following subparagraphs:

A. When the resource of the facility is limited;

B. When technical issue arises;

C. When other circumstances arise for the Company to be unable to approve the request;

When falling under any of the followings, the Company may refuse to approve the request for the use of the Service:

A. When the name provided by a member is not a real name;

B. When a member submits an application under someone else's name;

C. When required items upon request for the use of the Service are falsely listed;

D. When application is made for the purpose of obstructing public peace and order or good social morals customs;

E. When requirements for the use of the Service prescribed by the Company are unsatisfactorily fulfilled;

Article 8 (Suspension and Cancellation of Service Agreement)

A service agreement shall be terminated through cancellation by a member or the Company:

When a member intends to cancel the service agreement, he/she shall request the Company for cancellation after transferring all of his/her assets (cryptocurrency and KRW points) to the outside.

When a member falls under any of the followings, the Company may restrict the member from the use of the Service or terminate the service agreement.

- In case, you have stolen someone's service ID and password

- In case of intentional interference with the operation of the Service

- If the customer name is not a real name

- When a member uses the Service in order to obstruct social and public interests

- In the event of impairing or disadvantageous behavior of others

- When transmitting large amounts of information or transmitting advertising information for the purpose of interfering with the stable operation of the service

- When a computer virus program that causes malfunction of information or communication facilities or destruction of information is distributed

- Illegal use of personal information, user ID and password of others

- When a member reproduces, distributes or commercially use the information acquired from the use of the Service without prior consent from the Company

- The same user double-registered with another ID

- When a member infringes intellectual property rights of the Company, other members or third party

- When outside agencies, such as the Korea Communications Standards Commission, order a corrective measure or when the National Election Commission renders authoritative interpretation related to illegal election campaign

- When personal information of users is collected, saved or disclosed without acquiring proper consent

- When an objective decision is made that the use of the Service by a member is connected to criminal acts

- When a member trades cryptocurrency on behalf of other person in order to gain profits, such as service fees

- When a member commits an act which violates other applicable laws and regulations

Procedure to Suspend or Restrict the Use of Service:

When the Company intends to restrict the use of the Service, the Company shall specify the grounds, time and duration and notify the member concerned or his/her representative of the above in writing (including electronic mail) or by means of telephone and messenger function at the official website.

Notwithstanding the above, when the Company deems necessary to immediately suspend the use of the Service, the Company may restrict the use of the Service without the procedures prescribed in the previous Paragraph.

A member who receives the notice of service suspension or his/her representative may file an appeal when he/she objects to the suspension.

The Company shall immediately lift the measure of suspension only when it is confirmed the grounds for suspension are resolved during the period of suspension.

Termination of use contract

The Company may terminate the service agreement when an identical act is repeated for twice or more or when the grounds for suspension are not relieved within 30 days after the use of the Service is suspended or restricted.

When the Company terminates the service agreement, membership registration shall be cancelled. Upon such occasion, the Company shall notify the member of the above and grant the member an opportunity for exculpation.

Article 9 (Change of customer Information)

Members may, at any time, access and modify personal information of their own through modification screen of membership information: Provided that modification of the real name, date of birth, gender and ID shall not be allowed for the purpose of the service management.

When changes are made to the information submitted by a member during membership registration, the member shall modify the information concerned via online or notify the Company of the changes through electronic mail or other means.

The Company shall not be held liable for any disadvantages caused because the changes under Paragraph ② are not notified to the Company.

Chapter 3 customership Obligations

All responsibilities to manage ID and password shall be borne by a member. A member shall be held liable for all consequences arising from negligent management or illegal use of ID and password granted to the member, and the Company shall be completely relieved from any liabilities: Provided that the above shall not apply when the consequences arise from the intent or negligence of the Company.

When a member learns that his/her ID is illegally used, the member must notify the Company of the above and follow the guideline give by the Company.

In the event of Paragraph ②, the Company shall not be held liable for any disadvantages arising from the member's failure to notify the Company of the above or to comply with the guideline given by the Company after notifying the Company.

Article 11 (Provision of Information)

The Company may provide information on the use of the Service and products for the members' convenience to use the Service as follows by means of wired/wireless telephone, electronic mail, text message (LMS/SMS) or SNS. Upon such occasion, members may refuse to receive the above at any time:

Services related to the trade of cryptocurrency;

Services such as events and occasions

Other services which the Company frequently determines and provides members;

Chapter 4 General Service Use Policy

Article 12 (Type of Service)

The Service provided by the Company includes trade of cryptocurrency (sale-related, purchase-related, provision of trade API, and services related to search of market price) and contents (gift certificate mall and pre-paid cards).

The types of Service provided by the Company may frequently change subject to the circumstances which the Company is under, and all copyrights and intellectual property rights concerning the Service provided shall be attributed to the Company.

The Company grants to the customers only the right to use the Account, ID, Service, Points, etc in accordance with the Terms and Conditions set by the Company in connection with the Service, and the customer shall not be allowed to provide similar services and commercial activities utilizing such thing

Article 13 (Notice and Modification of Service)

The Company shall service notices concerning characteristics, procedures and methods of each service based on the type of services through a service screen, and members shall use the Service after understanding the notices concerning each service notified by the Company.

The Company may make changes to a specific service for fair operational and technical reasons. In this case, the company is required to make an announce ment at least 7 days in advance.

Article 14 (maintenance and suspension of services)

The use of Service shall be allowed for 24 hours a day in principle unless special circumstances arise based on operational or technical grounds for the Company: Provided that the above shall not apply to the day or time specified by the Company for the purpose of regular maintenance.

The company can divide the service into a certain range and set the available time for each range separately, in which case the information will be announced in advance

When falling under any of the followings, the Company may suspend the Service:

Inevitable due to construction work, such as maintenance of service facilities

In the event that a telecommunications carrier prescribed in the Telecommunication Business Act terminates the telecommunication service

In the case of a service provided by a third party such as an affiliate store company, not a service provided directly by the company, when a third party such as an affiliate store company terminates the service

Other causes of force majeure

The Company may terminate or limit the entire or partial services in the events where provision of normal service is unachievable due to a state of national emergency, power outage, problems with service facilities or overwhelming traffic to the Service.

Article 15 (Limitation on customers' Use of Payment)

The Company may limit the customer's use of the Payment if it falls under any of the following subparagraphs:

If the seller and buyer are judged to be the same

When a request is made by a provider and issuer of payment service;

Upon occasions above, the Company shall notify members of the details concerning the above through notices at the official website.

When the grounds for restriction repeat, the Company may relieve the restriction only when conditions to relieve the restriction are fulfilled.

Article 16 (Restriction on Members' Deposit and Withdrawal)

When falling under any of the followings, the Company may restrict or render delayed approval to members' use of deposit and withdrawal:

When deposits are made with the name of depositor different from the member's registered name;

When a deposit or withdrawal is made beyond the scope of authority to use the Service stipulated by the Company;

When national agencies or financial institutions, including National Police Agency and National Tax Service, provide information stating that the member's account is suspected of being used for illegal acts;

When falling under any of the above, the Company shall notify the member concerned of the details of the above by means of notice at the official website.

In the case of duplication of use limitation and delay reason, it can be canceled only when the administrator or the operator has the release condition required

Chapter 5 Using Virtual Currency Transaction Services

customers who wish to sell or purchase virtual currency through the services provided by the Company must register the transaction in accordance with the registration form provided by the Company

Use of supplementary services

customers who want to sell virtual currency can apply for additional services provided by the company for more effective sales when registering transactions. The specific details of the supplementary services are determined by the company

With respect to all services related to sale/purchase of cryptocurrency provided to members by the Company, members shall be granted only a right to use the Service for the purpose of improving individual convenience of members, and provision of all similar services or commercial use of the Service exceeding the scope of authority to use the Service shall be prohibited.

Article 18 (Limitation on Use of Transaction Services)

区分

Grounds for Restriction

Condition for Relief

Blocking of Log-in

① When a request is made by a member;
② When personal identification is failed;
③ When a request is made by national agencies or financial institutions;
④ When password is wrongfully entered for 5 consecutive times;
⑤ When related to or reasonably suspected of criminal acts, such as voice phishing, or financial incident;

- When grounds for restriction are resolved;
- For ④, block of log-in shall be lifted following successful personal identification;

Interception of Withdrawal

① When a member is a minor;
② When a request is made directly by a member;
③ When a request is made by national agencies or financial institutions;
④ When the first withdrawal of cryptocurrency purchased by KRW is requested since membership registration: Provided that the withdrawal shall be blocked for 72 hours from the charge of KRW;
⑤ When KRW is charged for 3 times or more during the span of 24 hours: Provided that the withdrawal shall be blocked for 72 hours from the third charge of KRW;
⑥ When related to or reasonably suspected of criminal acts, such as voice phishing, or financial incident;
⑦ When a person has acquired KRW or cryptocurrency without legal causes;

- When grounds for restriction are resolved;
- For ④ through ⑥, interception may be canceled after the member concerned pays a visit to the customer service center and completes personal identification;

Chapter 6 Service Fees

Article 19 (Service Fee Concerning Trade of Cryptocurrency)

The Company imposes service fees on sellers/buyers in return for providing the Service through internet. Fees are expressly described in “How to Use” at the official website, which may be subject to change based on the market situation and circumstances which the Company is under.

Chapter 7 Protection of Personal Information

Article 20 (Protection of Personal Information)

The Company endeavors to protect personal information of members as prescribed by applicable laws and regulations. Personal information of members shall be used only within the purpose and scope which members consent to for the purpose of effective Service. Unless stipulated otherwise by applicable laws and regulations or separately consented by members, the Company shall not provide personal information of members to third party, and details concerning the above shall be prescribed in the privacy policy on personal information.

Chapter 8 Compensation for Damages and Indemnity

Article 21 (Indemnity of the Company and Compensation for Damages)

The Company does not guarantee any matters concerning the Service not stipulated by this TOD. Moreover, the Company does not guarantee the value of cryptocurrency which is not issued or guaranteed of payment by the Company.

The Company shall be indemnified from liabilities for provision of the Service when the Service cannot be provided due to natural disaster, DDos attack, IDC problems, overwhelming traffic to the Service, problems with cables of common telecommunications business operators and other unavoidable causes. Provided that the above shall not apply when there are consequences from the intent or negligence of the Company.

The Company shall not be held liable when problems unavoidably occur due to problems with blockchain, malfunction or technical issues of the system managing issuance of cryptocurrency, faults of telecommunication service provider and regular server maintenance. Provided that the above shall not apply when there are consequences from the intent or negligence of the Company.

The Company shall not be held liable for problems to use the Service or subsequent results caused by reasons attributable to members. Provided that the above shall not apply when there are consequences from the intent or negligence of the Company or the member concerned proves just cause.

The Company shall be indemnified of any liability when trades are made between members or between a member and third party with the Service as a medium. Provided that the above shall not apply when there are consequences from the intent or negligence of the Company.

Unless stipulated otherwise by applicable laws and regulations or if there is no intent or negligence of the Company, the Company shall not be held liable for the use of the Service that is provided for free.

The Company may conduct regular, temporary or emergency inspection on servers for the purpose of providing stable Service. In the event where significant difference is found between the market price of cryptocurrency at domestic/overseas cryptocurrency exchanges and the market price of cryptocurrency pending for sale/purchase on the Service following the inspection of servers, the Company may cancel all pending orders in accordance with the in-house regulation for the purpose of protecting members.

When any person acquires or receives cryptocurrency held by third party without proper authority due to service errors, computer problems or other causes, the Company may take necessary measures, either retrieving the cryptocurrency concerned or restoring to original state, after notifying the person concerned in advance.

When a member requests the Company for compensation for damages, the Company may compensate the member for damages by means of paying cryptocurrency or KRW points through electronic wallet of the member subject to mutual agreement with the member.

Article 22 (Denial of Representation and Warrant)

The Company does not have the authority to represent a member who sells or buys cryptocurrency, and any acts of the Company shall not be deemed as acts to represent a seller or buyer.

The Company does not warrant the fact, truth and legality of the intents to buy or sell concerning the trades between members which are executed through the Service provided by the Company.

All sites linked to the Company (gift certificate mall, paid contents provider, etc.) are represented by business enterprises which are in business alliance with the Company through business agreements. The Company only accommodates those links to the enterprises concerned. All liabilities related to the operation and management of the service provided by the enterprises concerned and sales, delivery and refund of goods shall be borne by the enterprises concerned unless any consequences arise from the intent or negligence of the Company; and the Company is completely not involved with the above.

Article 23 (Jurisdiction and Governing Laws)

This TOS shall be governed and interpreted by the Laws of the Republic of Korea. Any litigations arising from disputes between the Company and members concerning the use of the Service shall be governed by the Laws of the Republic of Korea.

All disputes and litigations between the Company and members concerning the use of the Service shall be subject to the jurisdiction and venue of the courts in accordance with the procedures as prescribed by applicable laws and regulations.